Asia’s largest jewelry market is in Shenzhen between the Shuibei and Tianbei stations on the #2 line. It is significantly larger than all of Huaqiangbei. Most of it is finished gold/silver/jade/etc jewelry wholesale, but the interesting bit (to me) are the equipment and component markets.
Our quest is to buy gemstones, have them tested and get a certificate of authenticity. Only my terrible Mandarin, no translators or English allowed!
This one is going to be light on wide-angle/overview photos. Photography is generally frowned on because of the high value of the merchandise (what, you casing the joint?!). I’m extra timid because I was once asked to leave a shop in this market because I’m not a serious buyer.
Packaging and display related shops are interspersed among the shops selling finished jewelry.
All manner of cord for stringing jade/stone beads and pearls.
After a bit of hunting I found a loose gem shop on the top floor of Shuibei International Jewellery Exchange Center. This is a bit too fancy, everything is well displayed and the cheapest stone is ~$35.
Eventually we hit the jackpot at Gold Plaza. Almost every floor has multiple loose gem shops.
That’s more like it! Things in piles! Still a bit out of our range, those tiny multicolored sapphire stones start at $45.
This is it! The only shop with any kind of price display. Whatever these are, they start at $2-$3USD per carat.
We have two little gems, total cost $8! Now let’s get them tested and certified!
There is at least one government licensed testing center in each market building. This is the smallest I saw, with the highest prices - it pays to shop around a bit. For common stones like ours testing runs from $2.50-$8, and takes about 2 hours.
But there’s a wrinkle! Our stones turn out to be garnet and topaz. They won’t test them! Why? I think because they’re too common to be tested. There were a lot of words and the only thing I’m certain of is that we’re not getting a test.
The goal was to return today, buy a lab grown diamond and get a certificate of authenticity. Between copious lab grown diamonds and falling marriage rates, evidently China has tanked the diamond market. Not that diamonds actually had value in the first place beyond the monopoly and marketing hype.
This Taobao shop has a 0.1 carat diamond for $7, and a half carat for $40. Conversion seems to be 100 分 (points, pennies, 1/100th) = 1 carat; each 分 adds 0.1mm diameter depending on the cut; 0.5 carat seems the minimum average wedding diamond. The internet tells me in the west a 1 carat lab grown diamond goes for around $1300USD, so the $40 half carat seems like a real bargain. I’m sure there’s more to it, but I’ve only been in the market for a diamond for 24 hours.
Unfortunately it poured rain all day. It’s not much fun to run around markets in soaked shoes, so this quest will have to continue on my next visit to Shenzhen.
Lots more market exploration photos to post, but next two days are travel days. I’ll resume early next week.